BLS employment numbers are now -818K fewer than originally reported from April 2023 to March 2024.
While the top- and bottom-line numbers for Synopsys (SNPS) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Synopsys (SNPS) came out with quarterly earnings of $3.43 per share, beating the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $2.88 per share a year ago.
Synopsys forecast its fourth-quarter revenue and profit above Wall Street estimates on Wednesday, a sign of steady demand for its software to design complex and AI-compatible chips as businesses race to adopt the lucrative technology.
Chip design software firm Synopsys beat analyst estimates for its fiscal Q3 and guided higher than views for fiscal Q4.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Synopsys (SNPS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended July 2024.
Synopsys' (SNPS) overall Q3 performance is likely to have benefited from the increasing demand for advanced technology, IP, design and security solutions.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
In the closing of the recent trading day, Synopsys (SNPS) stood at $528.64, denoting a +1.5% change from the preceding trading day.
The UK Competition and Markets Authority (CMA) has announced its intention to review the proposed $35 billion acquisition of Ansys by Synopsys. This review comes amid growing concerns about market consolidation and competition within the global chip design software sector, a critical area for technological innovation and advancement.
Chip design software maker Synopsys Inc's (NASDAQ:SNPS, ETR:SYP) US$35 billion acquisition of Ansys is facing a potential UK regulatory probe into whether it would affect competition in Britain. No formal investigation has been launched rather this is just a preliminary inquiry, said the Competition and Markets Authority (CMA).
The U.K. antitrust regulator has confirmed that it's carrying out an early-stage inquiry into Synopsys‘s plans to buy Ansys.